FID-TAX: Fiduciary Income Tax Return (2024)
Delaware · Delaware Division of Revenue · Used for tax years 2024
Delaware Form FID-TAX is the 2024 Fiduciary Income Tax Return for trusts and estates. It reports fiduciary income, Delaware modifications and adjustments, taxable income, tax, credits and payments to determine a balance due or overpayment.
What you'll need
- Attach a completed copy of federal Form 1041 and its supporting schedules.
- If reporting tax on lump-sum distributions, attach Form PIT-STC.
- For net modifications of electing small business trusts, attach a separate Schedule A.
- Have the trust or estate’s name and taxpayer ID, plus the fiduciary’s name, title and address.
- Have beneficiary information for the schedules, including names, addresses, taxpayer identification numbers and shares of income and Delaware modifications. Schedule C also asks for residency dates.
- Have the amounts of estimated tax payments, payments with extensions, other payments and previous refunds.
How to file
Select the applicable filing status: resident estate, resident trust, non-resident trust or non-resident estate. Mark the initial-return or amended-return box if applicable.
Complete the return and applicable schedules, attach the required documents, and sign and date the return. Keep a copy for your records.
Mail the completed form, with any remittance payable to the Delaware Division of Revenue, to:
Delaware Division of Revenue
PO Box 2044
Wilmington, DE 19899-2044
If the return shows a balance due, the form directs you to pay it in full.
Common mistakes
- Forgetting to attach a completed federal Form 1041 and supporting schedules.
- Leaving off Form PIT-STC when reporting tax on lump-sum distributions.
- Forgetting the separate Schedule A for net modifications of electing small business trusts.
- Failing to sign the return or keep a copy for your records.
- Omitting residency dates when a beneficiary lived in Delaware during any part of the taxable year.
Questions people ask
Where do I find the federal taxable income amount to enter?
Use federal Form 1041, line 23, for the federal taxable income of the fiduciary.
Where do I calculate Delaware tax?
Use the tax rate schedule on page 2. The schedule uses the Delaware taxable income shown on line 7 of the return.
Where do I report real estate estimated taxes?
Include them on the “Other payments” line, as directed by the form.
Can an overpayment be applied to next year’s tax?
The 2024 form has separate lines for the amount to be refunded and the amount to be credited to 2025 tentative tax.
Which schedule covers income accumulated for non-resident beneficiaries?
Use Schedule C. It includes beneficiary identification, income, modifications and residency information, and directs you to carry its total deduction to page 1, line 6.